Eye-popping acquisition shines sun on Côte d’Azur luxury hotel segment
Price tag surely smashes per-key acquisition cost
Hotel acquisitions that involve a per-key price tag of more than $1 million, even £1 million, are becoming the reality now in Europe, whereas that might have been only a U.S. conce...
Dalata Hotel Group shareholders approve €1.4 billion takeover by Pandox, Eiendomsspar
Pending approval of the deal by Ireland’s High Court, Scandic to manage the Dalata portfolio
Shareholders for Dalata Hotel Group accepted the acquisition offer from Sweden-based Pandox and Norway-based Eiendomsspar.
LondonMetric acquires five Premier Inn hotels in £44.4 million deal
The deal is part of a larger transaction involving other real estate classes
Real estate investment trust LondonMetric Property has acquired five hotels for £44.4 million ($60 million) as part of a larger United Kingdom property acquisition deal.
Pace slows on Saudi giga-projects, but tourism growth remains major priority
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
The pace of investment in developing vast swaths of Saudi Arabia as part of its Vision 2030 ambitions has slowed so far this year.
Europe, Middle East and Africa hospitality hires and promotions: Kempinski Hotels names Dan Clayton as vice president
Joanne Taylor-Stagg hired as general manager at Pennyhill Park
Read the latest roundup of hotel industry hires and promotions in the Europe, Middle East and Africa region.
What's driving the widening gap between luxury, economy hotels in the US
Delinquent credit-card rates, not GDP, most potent metric for economy hotels
NASHVILLE, Tennessee — Even as wealthy consumers continue to spend on travel, lower-income consumers are pulling back on their travel budgets, which in turn is affecting hotels in ...
Accor’s Las Vegas push points to targeted US hotels growth strategy
Accor trumps halo effect of Treasure Island deal
Accor's debut in Las Vegas is a big move for the French hotel giant.
Yotel names Phil Andreopoulos as new CEO
Yotel's former CEO Hubert Viriot is new vice chairman
Former Marriott International executive Phil Andreopoulos is the new CEO of London-based hotel firm Yotel.
UK hotel pressures, costs, job losses reach national attention
London traffic crossings raise prices
When most media in the United Kingdom analyze stress in the economy and on businesses, it concentrates on pubs closing and the cost of a pint, two data points that have always domi...
Vastint begins £500m disposal of UK Marriott hotels
The investor owned by a foundation linked to Ikea
Real-estate investment firm Vastint has announced it is putting a United Kingdom hotel portfolio of Marriott International-branded hotels up for sale, a portfolio it values at £500...
Travelodge opens 600th UK hotel
UK budget hotel firm reported muted half-year results
Budget-hotel operator Travelodge has opened its 600th hotel in the United Kingdom.
SJM Holdings to acquire former gaming space of the Hotel Lisboa in Macau
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Through its subsidiary SJM Resorts, hotel-casino operator SJM Resorts has agreed to acquire approximately 81,000 square feet of former gaming space within the Lisboa Hotel in Macau...
Austrian mountain and ski hotel owner EPH prepares to go public
EPH has signed several resorts this year
Vienna-based hotel owner EPH Group AG plans to list its shares on the Vienna Stock Exchange and has finalized the increase of its share capital ahead of that initial public offerin...
Europe, Middle East and Africa hotel deals and developments: Ruby Group and Primetown Development plan Ruby's Greek debut in Athens
Radisson opens 170-room Radisson Resort Ruža Vjetrova in Dobra Voda, Montenegro
This roundup features the latest hotel deals and developments in the Europe, Middle East and Africa region.
Langham Hotels turns attention back to Europe 160 years after London hotel opening
Upcoming Venice hotel will be Langham's second in Europe
The Langham London opened in 1865 as the city's then-largest hotel. It's taken 160 years and many locations around the world for Langham to return to Europe.
How the US Federal Reserve scrutinizes data as it sets monetary policy
Atlanta Fed exec discusses interest rates, labor and consumer sentiment
NASHVILLE, Tennessee — All eyes are on the U.S. Federal Reserve amid a period of economic uncertainty highlighted by tariffs, consumer spending skewed toward wealthy income bracket...
5 things to know for Aug. 22
Today’s headlines: German economy contracts 0.3% in second quarter; US unemployment claims rise amid static layoffs environment; AI brings new opportunities to hotels, but experts say demystifying the technology is key; Australian rugby star Bill Young acquires Gem Hotel; Irish hotel transactions down 48% year on year
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Aug. 21
Today’s Headlines: EU bank president warns Europe needs to diversify trading partners; Softer UK demand dampens Travelodge hotel numbers; Canada posts highest hotel occupancy in six years; UK councils warned against seeking asylum-hotel injunctions; AAA anticipates cheaper Labor Day travel prices this year
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Aug. 20
Today’s Headlines: Australian conglomerate EVT acquires Pro-invest Hotels; High Court grants injunction on UK asylum hotel; Two-thirds of UK hospitality operating below 85% capacity; Airfare increases see UK inflation near 4% in 17-month high; Transportation chaos expected for Monday Bank Holiday in UK
Editor's Note: Some linked articles may be behind subscription paywalls.
EVT enters third-party hotel management with Pro-invest Hotels acquisition
Deal brings two Sydney-based hotel companies together
Australian publicly listed conglomerate EVT Limited will acquire Pro-invest Group’s hotel-management division, Pro-invest Hotels, which operates approximately 3,200 rooms in 15 hot...